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DSCR I92J: OPTION TO EXTEND THE TERM OF THE CONTRACT - SEPARATE ECONOMIC PRICE ADJUSTMENT AND FIRM FIXED PRICE PORTIONS
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Section: I
DPACS Code: I92J
BSM Code: I17F41
Clause Number: 52.217-9G24
Type: LOCAL
Clause last updated: 2000-07
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Date of text: 1996-01
I92J 52.217-9G24 OPTION TO EXTEND THE TERM OF THE CONTRACT - DSCR (JAN 1996)
SEPARATE EPA AND FIRM FIXED PRICE PORTIONS
(a) The Government may extend the term of this contract by written notice
to the contractor no later than 30 days prior to the expiration of the contract;
provided, that the Government shall give the contractor a preliminary written
notice of its intent to extend at least 60 days before the contract expires.
The preliminary notice does not commit the Government to an extension.
(b) If the Government exercises this option, the extended contract shall be
considered to include this option provision. Each exercise of this option, if any,
will extend the term of this contract by 12 months. The total duration of this
contract, including the exercise of any options under this clause, shall not
exceed ___ months.
(c) The offeror agrees to furnish during the option period those items cited
in the Schedule that are subject to Economic Price Adjustment (EPA) at unit prices
made up of two portions:
(1) a portion applicable to the purchase costs of the specific material
subject to adjustment under the EPA clause of this contract, at the dollar value
per unit as adjusted under the clause, otherwise the dollar value specified in
column (5) of the Table of such clause, and
(2) the remaining portion of the price for the same contract line item,
which is not subject to economic price adjustment, shall be separately priced for
each option period as follows:
ITEM OPTION OPTION OPTION OPTION
NUMBER YEAR 1 YEAR 2 YEAR 3 YEAR 4
______ _______ _______ _______ _______
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